Folding Bikes Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Folding Bikes Market by Product Type (Mid-fold, Vertical Fold, and Triangle Hinge), Drive Type (Conventional and Electric), Application (Sports, Fitness, Commercial, and Others), Price Range (Low, Economy, and Premium), Distribution Channel (Offline and Online), and Geography

 

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Report

Description

The folding bikes market is valued at USD 0.9 billion in 2021 and is poised to grow at a significant CAGR of 11.3% over 2022–2028. Governments and environmentalists have been deeply concerned about rising global carbon emissions due to fuel burning for the past few decades. This, in turn, increases demand for electric cars worldwide, supporting the market expansion for folding bikes. Additionally, due to improvements in design and performance as well as economic or environmental considerations, the popularity of electric bikes has proliferated on every continent. Due to growing traffic congestion and rising consumer inclination to avoid using cars, increasing urbanization is predicted to present an attractive potential for the growth of the foldable bike industry. E-bikes are more affordable than cars, don’t need a license, and can be used on the existing infrastructure for cyclists. The construction of e-bike infrastructures, such as bicycle lanes, public charging stations, and others, is a priority for the governments of many nations, given customer preference for e-bikes. For instance, as an illustration, Sanyo (Japan) established two solar parking areas in Tokyo where about 100 electric bicycles may be charged using solar energy. Moreover, one of the main elements driving the market’s growth is the increase in traffic and the lengthening of journey times in metropolitan regions. Additionally, governments in many nations are enforcing strict rules and promoting eco-friendly transportation due to an increase in air pollution, which can be attributed to the increased usage of cars that emit carbon emissions. This is supporting the market’s expansion on a global scale. In addition, national governments worldwide are creating specific bike lanes and putting legislation into effect to protect cyclists. Furthermore, the ubiquitous availability of folding bikes through online and physical retailers promotes market expansion. Leading manufacturers are also making significant investments in research and development (R&D) operations to offer higher-quality product versions. Overcrowding in public transportation and rising fuel prices are additional growth-promoting elements.

Folding Bikes Market

MARKET SUMMARY
-
11.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 11.3%
  • Largest Market–  North America
  • Fastest Growing Market–  Asia-Pacific

Folding Bikes Market

  • The global folding bikes market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The folding bikes market report gives historical, current, and future market sizes (US$ Mn) on product type, drive type, application, price range, distribution channel, and geography.
Key Players
  • Bobbin Bicycles Ltd.
  • Brompton Bicycle Ltd.
  • Citizen Bike Inc.
  • Cyclecentric Ltd.
  • Dahon North America, Inc.
Folding Bikes Market Dynamics

Rising urbanization, industry, and population would all support the expansion of the folding bikes market globally. The demand for products that promote green mobility and prevent protracted, grueling traffic congestion is driven by expanding local commute needs and a growing preference for technologically advanced mobility solutions. In addition, it is anticipated that increased health concerns among the population will augment product demand. Developing lightweight and transportable folding cycles are also expected to help the market flourish. In the upcoming years, it is predicted that the micro-mobility concept will increase the sales of electric bicycles and one-wheeled scooters. However, a significant barrier limiting the growth of the e-bike market is the high cost of e-bikes.


Asia-Pacific Got Significant Share

Folding Bikes Market

The folding bikes market in Asia Pacific is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. The business is anticipated to continue to be significantly influenced by the growing adult interest in sports like cycling and mountain biking in nations like China, Japan, India, and Indonesia. Additionally, rising residential property costs in metropolitan areas encourage consumers to buy foldable, practical alternatives like folding bikes that they can store at home.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The folding bikes market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Folding Bikes Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The folding bikes market is projected to expand at a CAGR of 11.3% during the forecast period.

Bobbin Bicycles Ltd., Brompton Bicycle Ltd., Citizen Bike Inc., Cyclecentric Ltd.,Decathlon S.A.

Asia Pacific is the fastest-growing region for folding bikes market


Report

Company Profile

  • Bobbin Bicycles Ltd.
  • Brompton Bicycle Ltd.
  • Citizen Bike Inc.
  • Cyclecentric Ltd.
  • Dahon North America, Inc.
  • Dawes Cycles Limited
  • Decathlon S.A.
  • Hummingbird Bike Company, Ltd.
  • Mobility Holdings, Ltd.
  • Montague Corporation

Description

The folding bikes market is valued at USD 0.9 billion in 2021 and is poised to grow at a significant CAGR of 11.3% over 2022–2028. Governments and environmentalists have been deeply concerned about rising global carbon emissions due to fuel burning for the past few decades. This, in turn, increases demand for electric cars worldwide, supporting the market expansion for folding bikes. Additionally, due to improvements in design and performance as well as economic or environmental considerations, the popularity of electric bikes has proliferated on every continent. Due to growing traffic congestion and rising consumer inclination to avoid using cars, increasing urbanization is predicted to present an attractive potential for the growth of the foldable bike industry. E-bikes are more affordable than cars, don’t need a license, and can be used on the existing infrastructure for cyclists. The construction of e-bike infrastructures, such as bicycle lanes, public charging stations, and others, is a priority for the governments of many nations, given customer preference for e-bikes. For instance, as an illustration, Sanyo (Japan) established two solar parking areas in Tokyo where about 100 electric bicycles may be charged using solar energy. Moreover, one of the main elements driving the market’s growth is the increase in traffic and the lengthening of journey times in metropolitan regions. Additionally, governments in many nations are enforcing strict rules and promoting eco-friendly transportation due to an increase in air pollution, which can be attributed to the increased usage of cars that emit carbon emissions. This is supporting the market’s expansion on a global scale. In addition, national governments worldwide are creating specific bike lanes and putting legislation into effect to protect cyclists. Furthermore, the ubiquitous availability of folding bikes through online and physical retailers promotes market expansion. Leading manufacturers are also making significant investments in research and development (R&D) operations to offer higher-quality product versions. Overcrowding in public transportation and rising fuel prices are additional growth-promoting elements.

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